For the 24 hours to 23:00 GMT, Gold rose 0.14% against the USD and closed at USD1465.90 per ounce, amid renewed worries over the US-China trade deal ahead of 15 December deadline for fresh US tariffs.

In the Asian session, at GMT0400, the pair is trading at 1464.60, with gold trading 0.09% lower against the USD from yesterday’s close.

The pair is expected to find support at 1462.13, and a fall through could take it to the next support level of 1459.67. The pair is expected to find its first resistance at 1468.43, and a rise through could take it to the next resistance level of 1472.27.

- advertisement -

The yellow metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.